LANCASHIRE ENVIRONMENTAL FUND LIMITED
Make grants to finance environmental projects which have been registered with Entrustincluding the provision and maintaining of public amenities and parks, within 10 miles of a landfill site.
Financial health, per its FY2024 accounts
The accounts state that the charity faces a material uncertainty regarding its ability to continue as a going concern due to the cessation of its primary income source from landfill tax credits by April 2026. While the trustees have sufficient reserves to cover operations for the next 12 months and are reviewing future options, the long-term viability is dependent on securing alternative funding or winding down the charity.
What the accounts disclose
“All of the £1,324,361 (2023: £1,258,513) landfill tax income was received from Suez Recycling & Recovery UK Limited in the year.” — page 6
“The required level of free reserves is currently £nil as the designated fund has sufficient resources to provide for foreseeable transitional costs.” — page 7
“We draw attention to Note 1 in the financial statements, which indicates that the income received from Suez will be reducing significantly from 1 April 2025 and will cease with effect from 1 April 2026. The Trustees are currently reviewing options for the charity after this date. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the charity's ability to continue as a going concern.” — page 11
“Lancashire County Council (‘LCC’) is a member of the charitable company with the power to appoint one trustee to the board. S Turner was the Chairman of the charitable company and a member of LCC. A balance of £0 (2023: £0) was due to LCC as at 31st December 2024. Grants totalling £0 (2023: £0) were awarded to LCC during the year.” — page 28
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → material uncertainty (FY2024).
Corporate structure
- Registered company of the charity Companies House 03527370
Funders the charity credits
- Landfill tax
Company officers (Companies House)
- BURROWS, Timothy Vincent Joseph on trustee list
- KING, Deborah Louise on trustee list
- HUGHES, Andrew James on trustee list
- MCGINTY, Francis Patrick on trustee list
- LANCASHIRE COUNTY COUNCIL
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Andrew James Hughes
- Deborah Louise King
- FRANCIS PATRICK MCGINTY
- Timothy Vincent Joseph Burrows
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.4m |
| 31/12/2023 | £1.3m | £1.6m |
| 31/12/2022 | £1.3m | £1.3m |
| 31/12/2021 | £1.3m | £1.1m |
| 31/12/2020 | £1.2m | £1.1m |
Common questions
Is LANCASHIRE ENVIRONMENTAL FUND LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity faces a material uncertainty regarding its ability to continue as a going concern due to the cessation of its primary income source from landfill tax credits by April 2026. While the trustees have sufficient reserves to cover operations for the next 12 months and are reviewing future options, the long-term viability is dependent on securing alternative funding or winding down the charity. Its FY2024 accounts were audited by MHA.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MRS WATERHOUSE CHARITABLE TRUST | 1 | £432k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £238k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £183k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £12k |
| CEO SLEEPOUT | 1 | £6k |
| DUCHY OF LANCASTER BENEVOLENT FUND | 1 | £5k |
| THE REED FOUNDATION | 1 | £5k |
Charities like this
- THE ENVIRONMENT CENTRE LTD
- GREATER MANCHESTER ENVIRONMENT TRUST
- THE VEOLIA ENVIRONMENTAL TRUST
- LANCASHIRE CRICKET FOUNDATION LIMITED
- LANCASHIRE LGBT
- YAD VEACHISOMOCH L'CHAIM
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LANCASHIRE ENVIRONMENTAL FUND LIMITED | £1.4m | — | 0 | above | — | material uncertainty |
| THE ENVIRONMENT CENTRE LTD | £440k | — | 0 | above | — | no doubt |
| GREATER MANCHESTER ENVIRONMENT TRUST | £1.1m | — | 0 | below | — | no doubt |
| THE VEOLIA ENVIRONMENTAL TRUST | £4.7m | £60,001 - £70,000 | — | unclear | — | no doubt |
| LANCASHIRE CRICKET FOUNDATION LIMITED | £2.5m | — | 0 | unclear | — | no doubt |
| LANCASHIRE LGBT | £118k | — | 0 | above | — | no doubt |